Saudi Arabia’s AI venture Humain invests $3bn in Elon Musk’s xAI
Investment that deepens ties with billionaire is part of country’s goal to diversify economy
Investment that deepens ties with billionaire is part of country’s goal to diversify economy

The investment made Humain a "significant" minority shareholder, with its xAI holdings converted into SpaceX shares, it said.

Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space

JEDDAH: Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund, invested $3 billion in Elon…

Investors undeterred by unravelling of billionaire’s relationship with Trump

Rival to ChatGPT maker OpenAI has so far shunned Gulf sovereign investors that ‘enrich dictators’

Bank was close to lining up $5bn for artificial intelligence group when US president and billionaire attacked each other